TIP295: VALUE INVESTING & PHILANTHROPY
W/ MOHNISH PABRAI
3 May 2020
On today’s show, we talk to entrepreneur and value investing legend, Mohnish Pabrai. Mohnish is the founder of Pabrai Investment Funds and has outperformed the S&P500 for two decades.
IN THIS EPISODE, YOU’LL LEARN:
- How Mohnish Pabrai thinks about biases.
- Why and how Mohnish Pabrai uses his checklist in stock investing.
- How has the shorter tenure of stock in S&P500 made Mohnish think of compounders.
- Why Mohnish started Dakshana foundation.
- How Mohnish Pabrai uses his investor mindset to give to charities with the highest possible return.
TRANSCRIPT
Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
Intro 00:00
You’re listening to TIP.
Preston Pysh 00:03
On today’s show, we have a powerhouse guest, Mr. Mohnish Pabrai. Mohnish is a famous value investor, and friends with Charlie Munger and Warren Buffett. Mohnish started as a tech entrepreneur starting his company in the 1990s, and selling it 10 years later for $20 million. For the next 20 years, he ran his famous Pabrai Investment Funds with significant out-performance of the S&P 500 since inception. Most importantly, I’m not sure I know anybody that reads more books than Mr. Pabrai. We sure try to keep up, but we’re not even close. In fact, in our show notes, we’ll have a link to his reading list in case anyone wants to check that out and see what Mr. Pabrai has read throughout his lifetime. So, without further delay, here’s our interview with the one and only, Mr. Mohnish Pabrai.
Intro 00:52
You are listening to The Investor’s Podcast, where we study the financial markets, and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.
Stig Brodersen 01:12
Welcome to The Investors Podcast! I’m your host, Stig Brodersen, and as always, I’m accompanied by my co-host, Preston Pysh. We are honored to welcome Mohnish Pabrai on The Investor’s Podcast for the third time. Mohnish, thank you so much for taking the time out of your busy schedule to speak with Preston and me here today.
Mohnish Pabrai 01:32
Stig, you guys are doing a great service for the community. I’m actually one of your fans and listeners, and I enjoy many of your podcasts, so it’s wonderful to be here.
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BOOKS AND RESOURCES
- Mohnish Pabrai’s Reading List.
- Learn more about Mohnish Pabrai’s Dakshana Foundation.
- Mohnish Pabrai’s website.
- Larry Cunningham’s book, The Essays of Warren Buffett – Read reviews of this book.
- Mohnish Pabrai’s book: The Dhandho Investor.
- Discover CMC Markets, the ultimate platform for online trading on mobile and desktop.
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